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Multiple Choice Direction: Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1. A final price after deducting all discounts and rebates. a. Net sale b. Net earnings c.Net price d. Purchase price 2. It is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the reseller or customer. a. Trade discount b. Retail price c. Net price d. Net earnings 3. This will be obtained by dividing the trade discount to selling price. a. Trade discount b. Discount rate c. Net earnings d. Net price 4. These are given to customers to encourage them to purchase in volume. It is also effective in promoting seasonal items and to entice new set of customers. a. List price b. Discount series c. Discount d. Trade discount 5. An item worth P10,000.00 is now selling with discount. Of the following discount series, which has a greater discount? a. 20%, 15%, and 10% c. 5%, 25%, and 10% b, 10%, 25%, and 15% d. 15%, 25%, and 5%